77-423 Exam Questions and Answers

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An industry that is oligopolistic would be best characterized by:
A. The absence of significant economies of scale.
B. One firm selling a product with no close substitutes.
C. Horizontal or flat demand curves for the output of individual firms.
D. Significant barriers to entry.
Answer: D
Choice "b" is correct. Oligopoly market conditions are characterized by:
. Few firms in the market
. Significant barriers to entry
. Differentiated products
. Fixed (or semi fixed) prices
. Kinked demand curves
Choice "a" is incorrect. This is an example of monopoly.
Choice "c" is incorrect. Horizontal demand curves represent demand that is perfectly price elastic (buyers
will only pay one price for any quantity of a product). This occurs in perfectly competitive markets.
Choice "d" is incorrect. This is characteristic of perfect competition, as there are no barriers to entry ("size
doesn't matter") in perfect competition.

A cloud architect wants to minimize the risk of having systems administrators in an IaaS compute instance perform application code changes. The development group should be the only group allowed to modify files in the directory.
Which of the following will accomplish the desired objective?
A. Deny access to all development user accounts
B. Remove the file write permissions for the application service account.
C. Restrict the file write permissions to the development group only.
D. Add access to the fileshare for the systems administrator's group.
Answer: C

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